StockNews.com Begins Coverage on Ohio Valley Banc (NASDAQ:OVBC)

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a research report sent to investors on Monday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Trading Down 0.9 %

OVBC opened at $24.32 on Monday. Ohio Valley Banc has a one year low of $19.35 and a one year high of $25.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50 day simple moving average of $23.87 and a two-hundred day simple moving average of $23.16. The firm has a market capitalization of $114.55 million, a price-to-earnings ratio of 10.09 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last announced its earnings results on Friday, July 26th. The bank reported $0.63 EPS for the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%. The company had revenue of $14.66 million during the quarter.

Ohio Valley Banc Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, August 10th. Investors of record on Friday, July 26th were given a dividend of $0.22 per share. The ex-dividend date was Friday, July 26th. This represents a $0.88 annualized dividend and a dividend yield of 3.62%. This is a boost from Ohio Valley Banc’s previous quarterly dividend of $0.15. Ohio Valley Banc’s payout ratio is currently 36.51%.

About Ohio Valley Banc

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit.